I believe this 4 up and we get another leg down to complete the C down
I caught none of that move. I wasn't going to pile in without a plan. think we have 3 waves that take us to 16000, but we really need to dump first.
My last update I speculated a really nice leg up 1:1 of the bottom leg. After doing a little more TA I have concluded the center was a triangle. I'm interested anywhere between 6200 and 6300 hundred. Don't get overly paranoid about the to the .01 cent entry. This is the trade I have been waiting for. Patience.
Speculation 6300 back to 9500 with an equal 1rst leg added to the top. It's all corrective, but the profits are the same .Take it and go.
I got what appears to be a flag forming. That a good continuation structure. Looking for 8k.
I have tried going bullish a few times down this Bloody mess. I really thought we would test 8400, but it's not looking promising for bulls. Watch Daily RSI even with this little push it's still flat. Looking for 7400 zone, before an attempt back to 9050.
I decided to spend some time on the inverted chart. Clearly looks like our 4th wave collapsed out of the wedge. if we continue going lower I anticipate $5700, before turn around.
This channel is what I'm currently working with. I had a strong to desire for 8k, but I'm personally hoping it under-shoots to 7920. From there we get a small mercy pump to 8640, before coming back down to test 8k for support. Ultimate move back up would be 9423. Then watch out below. There is hard core potential to dump to $5500. Stay un-REKT.
Chart speaks for itself. Going to dance around a few more swings. No time frame. Make a flat back up and fail totally possible, before getting the death leg down to 4640ish.
There is some logical EW structured TA here, but beyond that my gut tells me we re-test 3k and wipe out all longs.
Let the chart do the talking. Only thing I will add is we hit .618 back upward . Prepare for a Chinese New Year dump.
This feels very unfinished and struggling to hit that target. I'm planning for a sharp pullback to 7980-8k before giving it another go. Happy pump Friday everybody.
I have been aiming for up to 8900 and crash. This is just one bullish 3 wave move Idea, that caught my attention. Look to the left and the support in the blue box. We will correct down from here, but I'm starting to want to buy that 7500ish dip.
I have wanted to tag 8900 for the longest. I'm not liking that idea any longer. I think we get a 3 wave swing. Looking to buy 7850 -7890 for a move back up to 8660. From there I would like to get a deep correction down to 6900 before the last and final move up.
Watch 7300 going to try to tag 8900 for the C up of a proposed Triangle. Ending result Descending and epic break down after the shuffle.
This has been a disaster of a structure to figure out. One thing is bullish we are still above the lower half inversion and kept 7050 support. Looking to attempt a tad below at $7030 with the aim of scalping out near 7600, and getting back in once we find the last low. 8k potential still.